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New Delhi, April 6 (UNI) India's services sector growth slowed to a 14-month low in March even as cost pressures rose sharply, according to HSBC and S&P Global PMI data. Firms have reported the fastest increase in input prices in nearly four years. The HSBC India Services PMI Business Activity Index fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4. The HSBC India Composite PMI Output Index declined to ...Read More >
BENGALURU: Tessolve has never been shy about its ambitions. The Bengaluru-based engineering services firm already counts 18 of the world's top 20 semiconductor companies among its clients, employs more than 3,500 engineers across 12 countries, and last year pocketed a $150m investment from TPG. Now it has hired the executive it believes can turn those assets into something bigger. Ravi Kumar Chirugudu, a 35-year semiconductor veteran who once built satellite payloads for ISRO and has since scale ...Read More >
New Delhi, Apr 6 (PTI) Private sector Yes Bank on Monday said Vinay Muralidhar Tonse has taken charge as MD and CEO of the bank for three years. Tonse, a former MD of State Bank of India, replaced Prashant Kumar who completed his extended term on April 5. Tonse has taken charge as Managing Director & Chief Executive Officer of the bank with effect from April 6 on such terms and conditions, including remuneration, as approved by Reserve Bank of India and subject to the approval of the sharehold ...Read More >
Singapore, 6 April (Argus) -- Premiums at India's domestic coal auctions rose sharply in March with industrial buyers moving to secure supply following a surge in seaborne coal prices and freight rates, led by the US-Iran conflict and pre-summer restocking by power utilities. State controlled Coal India (CIL) -- which meets about three-quarters of India's coal needs -- recorded an average premium of 45pc in its March electronic auctions over the notified prices applied to long-term contracted s ...Read More >
Kozhikode: The Indian Institute of Management Kozhikode (IIM Kozhikode) has opened admissions for the 19th batch of its flagship Executive Post Graduate Programme (EPGP) in Management, a two-year MBA for working professionals. With this announcement, the Institute reaffirms its position as a leading destination for executive education in India, combining academic rigour, managerial relevance and a learning experience that reflects its global academic standards and the changing needs of business ...Read More >
(RTTNews) - India's services activity expanded at the slowest pace in more than a year in March amid intensification in cost pressures, final data compiled by S&P Global showed on Monday. The seasonally adjusted HSBC India Services PMI dropped 57.5 in March from 58.1 in February. Nonetheless, a score above 50.0 indicates expansion. The flash score was 57.2. Total new orders grew at the slowest pace since early 2025, and output was constrained by the detrimental impact of the Middle East war on ...Read More >
NEW DELHI: Congress MP and leader of opposition in Lok Sabha Rahul Gandhi on Monday vowed that Puducherry will be granted full statehood if his party comes to power. Addressing an election rally at Lawspet, he said, "We are committed to giving full statehood to Puducherry."Rahul Gandhi alleged that the current Union Territory government does not reflect the will of the people but is imposed from Delhi. He accused the BJP of sidelining regional leaders and running the UT by remote control."Everyb ...Read More >
Puducherry [India], April 6 (ANI): Congress leader Rahul Gandhi on Monday alleged that the Puducherry government is "imposed from Delhi" and does not represent the will of its people. He also accused the BJP of failing to grant full statehood and fostering corruption in the Union Territory. Voting in Puducherry will take place on April 9. The counting of votes will be held on May 4, the ECI announced. The current term of the 30-member Legislative Assembly of the Union Territory is set to expir ...Read More >
New Delhi, Apr 6 (PTI) India's services sector growth momentum rose at the softest pace in 14 months in March, mirroring the slowdown in new business intakes, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March, amid the weakest rises in new business and activity since January 2025. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes co ...Read More >
Nites has argued that although tech profits remain strong, weakening job security raises serious questions about corporate responsibility and accountability IT employees' body Nites has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Empl ...Read More >
Mumbai: Axis Bank's latest provisional update signals consistent balance sheet expansion, with both lending and deposit franchises showing resilience despite a competitive banking environment. Axis Bank's gross advances stood at Rs 12,442 billion as of March 31, 2026, marking a 6.3 percent increase over the December 2025 quarter and an 18.4 percent rise compared to the previous year. This growth highlights continued credit demand across retail and corporate segments, suggesting the bank has mai ...Read More >
New Delhi, April 5: IT employees' body NITES has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Employees Senate (NITES) has argued that although tech profits remain strong, weakening job security raises serious questions about corporate ...Read More >
Hyderabad (Telangana) [India], April 5 (ANI): Telangana Jagruti president K Kavitha on Sunday attended the 'Save Singareni' round table meeting in Hyderabad, raising concerns over policy decisions affecting the Singareni Coal Collieries Company Limited (SCCL). Addressing a gathering, Kavitha said, "Singareni Coal Collieries is one of the largest public sector units which employs about 40,000 Telangana youngsters, and unfortunately, the policy decisions being taken up by the current Congress gov ...Read More >
Bengaluru: State-run Indian Oil Corporation has stepped up Auto LPG supplies across Karnataka to address a surge in demand triggered by ongoing geopolitical disruptions that have impacted private sector operations. Oil marketing companies (OMCs) together operate 72 Auto LPG Dispensing Stations (ALDS) in the state, of which Indian Oil accounts for 55 outlets. In contrast, over 300 ALDS run by private players have been affected, with nearly 80% reported to be non-operational under current conditi ...Read More >
CHENNAI: PMK president Anbumani Ramadoss on Saturday criticised the DMK government and Chief Minister MK Stalin during an election campaign at Saidapet, where he canvassed for AMMK candidate G Senthamizhan in the AIADMK-led alliance. Anbumani said several sections, including teachers, sanitation workers and village staff, of protesting as they felt "betrayed" by the government. He said leaders like Periyar E V Ramasamy, CN Annadurai and M Karunanidhi stood for social justice, but alleged the pr ...Read More >
New Delhi [India], April 4 (ANI): Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh on Saturday inaugurated the BIRAC-BioNEST Incubation Centre at Council of Scientific and Industrial Research (CSIR)-Central Food Technological Research Institute (CFTRI), aimed at strengthening India's food-tech startup ecosystem and accelerating the commercialisation of research. The BioNEST Incubation Centre, set up at CSIR-CFTRI, is designed as a state-of-the-art facility ...Read More >
MYSURU, Apr 4 : Union Minister for Science and Technology Dr. Jitendra Singh inaugurated the BIRAC-BioNEST Incubation Centre at "Central Food Technology & Research Institute" (CFTRI) and reviewed an exhibition of StartUp-driven technologies and products, positioning the institute's incubation ecosystem as a key platform for bridging laboratory research with commercial applications. Designed as a state-of-the-art facility with dedicated incubation suites and shared infrastructure, the BioNEST In ...Read More >
Kolkata: Deposits for India's largest private sector lender HDFC Bank grew 14.4% year-on-year, outpacing a 10.2% expansion in assets under management (AUM), bucking the industry trend. The bank on Saturday said its AUM grew to ₹30.58 lakh crore at the end of March, while deposits stood at Rs 31.06 lakh crore. On the liability side, its current and savings account (CASA) deposits were at Rs 10.61 crore, reflecting a 12.3% year-on-year growth. Industry average till March 15 published by Reserve ...Read More >
Atanu Chakraborty Resignation: A fresh controversy seems to be brewing around HDFC Bank after the resignation of its former part-time chairman and independent director Atanu Chakraborty. The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman, asking for intervention and greater clarity on the circumstances surrounding his exit. What stands out, according to the association, is the reason cited in the resignation letter. Chakraborty referred to cert ...Read More >
New Delhi [India], April 4 (ANI): Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh on Saturday inaugurated the BIRAC-BioNEST Incubation Centre at Council of Scientific and Industrial Research (CSIR)-Central Food Technological Research Institute (CFTRI), aimed at strengthening India's food-tech startup ecosystem and accelerating the commercialisation of research. The BioNEST Incubation Centre, set up at CSIR-CFTRI, is designed as a state-of-the-art facility ...Read More >
The defence ministry described defence exports in 2025-26 as a "landmark milestone". ShowQuick Read Summary is AI-generated, newsroom-reviewed * India's defence exports reached a record Rs 38,424 crore in FY 2025-26, a 62.66% increase * Defence public sector units contributed 54.84% while private industry contributed 45.16% * Exports have nearly tripled in value over the past five years, showing global acceptance Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Ind ...Read More >
The All India Bank Employees' Association (AIBEA) has recently written to Finance Minister Nirmala Sitharaman seeking regulatory intervention and public disclosure following the resignation of HDFC Bank's former Part-time Chairman and Independent Director, Atanu Chakraborty. In its letter, AIBEA expressed concern over the resignation, noting that the resignation letter stated certain "happenings and practices" in the bank were not in line with his personal values and ethics. AIBEA said the dev ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Japan's Ministry of Foreign Affairs has established a new Japan-India Economic Affairs Division to help Japanese companies invest in India, as part of its strategy to bolster bilateral economic ties. "Through the establishment of the Japan-India Economic Affairs Division, the Ministry of Foreign Affairs of Japan will further make public-private efforts to promote companies' expansion of business and investment from Japan to India and to deepen cooperation in ...Read More >
Mumbai: HDFC Bank, one of India's largest private sector banks, has announced that it will hold a board meeting on April 18. In this meeting, the bank will consider a major plan to raise funds over the next 12 months. The bank is looking to raise money through different types of debt instruments. These may include Perpetual Debt Instruments (AT1 Capital), Tier II bonds, and long-term infrastructure bonds. The fundraising is expected to be done through private placement. This means the bank will ...Read More >
New Delhi, Apr 3 (PTI) The Reserve Bank of India (RBI) has accorded approval to Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, paving the way for the bank to become a foreign lender. The approval from RBI came on April 1 with one year validity, RBL Bank said in a regulatory filing on Thursday. The approval follows Emirates NBD Bank, the second largest in UAE, expressing its interest in October 2025 to acquire a majority 60 per cent stake in RBL Bank for Rs 26,8 ...Read More >
The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman seeking a comprehensive inquiry into the issues raised by Atanu Chakraborty, former Part-Time Chairman of HDFC Bank, in his resignation letter. In his resignation letter dated March 17th, Chakraborty said that certain "happenings and practices" within the bank were not in congruence with his personal values and ethics. The Association has sought the government's intervention for assessing the g ...Read More >
New Delhi (ABC Live): India's latest defence export milestone has been verified. India's Defence Exports in FY 2025-26 rose to ₹38,424 crore, up from ₹23,622 crore in FY 2024-25. That is an increase of ₹14,802 crore, or 62.66%, in one year. The figures for India defence exports 2025-26 mark an all-time high for the country. Officially, this is the highest annual defence export figure India has recorded. The key official source is the PIB release of 2 April 2026. For the previous-year base, see t ...Read More >
New Delhi: In line with PM Modi's vision to position India among the world's top defence exporters, the country's military exports have touched an all-time high of Rs 38,424 crore in the financial year (FY) 2025-26, marking a sharp 62.7 per cent rise over the previous fiscal year's figure of Rs 23,622 crore.Lauding the exemplary performance of the department of defence production, Indian exporters and other stakeholders, defence minister Rajnath Singh said India is scripting an impressive defenc ...Read More >
New Delhi: India's defence exports rose to a record Rs 38,424 crore in 2025-26, marking a 62.66 per cent increase over the previous year's Rs 23,622 crore, according to official data. The growth represents an increase of Rs 14,802 crore year-on-year and nearly a threefold rise over the past five years, indicating expanding global demand for Indian defence products. Defence Public Sector Undertakings accounted for 54.84 per cent of exports, contributing Rs 21,071 crore, while the private sector ...Read More >
In a renewed push for slum redevelopment, Maharashtra Deputy Chief Minister Eknath Shinde on Monday approved the formation of Special Purpose Vehicles (SPVs) between private developers and the Shivshahi Rehabilitation Project Ltd (SRPL), signalling an attempt to revive the long-dormant state-run housing body and fast-track stalled projects. The decision, taken in the birth centenary year of Shiv Sena founder Bal Thackeray, is being positioned as part of a broader effort to realise his vision of ...Read More >
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